In the 1st quarter of 2023, the volume of investments decreased by 2.8% compared to the same period of the previous year, and increased by 1.0% compared to the previous quarter (seasonally adjusted), the Hungarian Central Statistical Office reported. As noted by MTI, the investment volume has been shaped by a decrease in business activity. […]
More than 20 Hungarian soldiers were reported to be injured when Hungarian Defense Forces troops, serving in the NATO peacekeeping force, carried out a crowd dispersal operation in the Kosovo town of Zvečan on Monday. According to a social media post by the Hungarian minister of defense, Kristóf Szalay-Bobrovniczky, more than 20 Hungarian soldiers were […]
Featuring nearly a hundred milestone works by thirty young artists, Like You and Me is an exhibition that highlights themes and technical experiments from contemporary Hungarian photography, along with characteristics of the genre and various cases when the boundaries of the medium are crossed. This show at Mai Manó House in Budapest seeks to present […]
The flow of refugees from invasion-torn Ukraine continues. On Sunday, 4,017 people entered Hungary at the Ukrainian-Hungarian border, while 6,402 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. As MTI reported Monday morning, of those who entered, police issued 58 people with temporary residence […]
Nine legends of the sport – including Hungary’s Viktor Szélig – have been inducted into the International Ice Hockey Federation (IIHF) Hall of Fame in Tampere, Finland, the site of this year’s World Ice Hockey Championship. The Bibi Torriani Award – given to the representative of non-traditional hockey nations and the accompanying Hall of Fame […]
The prototype of B+N Referencia Plc's self-developed UV-C disinfection robot, which also uses artificial intelligence (AI), has been completed; after the necessary tests, production can start this year, and foreign companies are already interested in the development, the facility management and research and development company told MTI. According to the statement, the new robot can […]
The Budapest Stock Exchange's (BSE) share index, the BUX, ended the week at 47,573.35 points, up 2.12% to 985.96 points compared to last Friday's close, MTI reported this morning along with a brief analysis of the week’s trading. Turnover on the stock market rose from HUF 32.078 billion last week to HUF 37.376 billion, with […]
Hungarian director Anna Buda Flóra's animated film '27', a French-Hungarian co-production, won the Palme d'Or for Best Short Film at the 76th Cannes International Film Festival Saturday night. The 11-minute-long film is about 27-year-old Alice who, even though she is suffocating a bit, she still lives with her parents and tends to live in her […]
The Zalaegerszeg plant (in SW Hungary) of the French company Schneider Electric (SE) is modernizing production with a HUF 5.3 billion development, the workforce will be increased and the plant's gas heating will be replaced by a heat pump, the company's Zalaegerszeg plant manager said at an event on Wednesday to celebrate the plant's 30th […]
The Hungarian oil and gas company Mol has signed an agreement with BayWa AG to purchase the Szarvas Biogas Plant, a waste processing facility that uses organic waste to generate electricity and heat through cogeneration with a peak electrical capacity of about 4 megawatts in the eastern Hungarian town of Szarvas. According to the company, […]
German-owned Termelés-Logistic-Centrum Ltd. invested HUF 21 billion to set up a new production plant in Litér, Veszprém county, Hungary, with the purpose of revving up manufacturing of steel structural components of loading and lifting equipment. The project, for which Hungarian taxpayers cover over 10% of the investment costs, triggers the creation of 80 new jobs. […]
The Bosch Group's total net sales in Hungary amounted to HUF 2,255 billion last year, up 32% year-on-year, with an increase of 21% in euro terms, the company informed MTI. The statement said that the group's turnover in Hungary – sales from outside the group – rose 15% to HUF 314 billion. The Bosch Group […]
Backed by the Social Investment and Skills window of the InvestEU program, the European Investment Fund (EIF) has signed a guarantee agreement for EUR 53 million with Erste Group that is expected to unlock more than EUR 66 million for social entrepreneurs operating in Austria, the Czech Republic, Hungary, Romania and Slovakia. The transaction should […]
The Hungarian central bank kicked off a cautious monetary easing cycle while stressing its commitment to combatting inflation, which is the highest in Europe. Analyst expect policy makers to proceed gradually and halt rate cuts if the economic and financial backdrop deteriorates. The National Bank of Hungary cut interest rates this week, becoming the first […]
The 21st Balaton Wine and Fish Festival will be held in Balatonfüred on the Pentecost weekend, with children's day programs also taking place in the town located on the northern shore of the lake. As festival organizer Anett Kositzky told MTI, the four-day festival will offer a selection of Balaton wineries, artisanal cheeses and fish […]
